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Equivalent of TIPS in Australia

Discussion in 'General Investing Discussion' started by jms, 5th Jan, 2008.

  1. jms

    jms Member

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    Location:
    Seven Hills NSW
    What is the equivalent of TIPS ( US Treasury Inflation-Protected Securities ) in Australia ? Is there one ?
     
  2. jms

    jms Member

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    Location:
    Seven Hills NSW
    Found it.
    If anyone is interested, it is called Treasury Capital Indexed Bonds.
     
  3. jms

    jms Member

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    3rd Jan, 2008
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    Location:
    Seven Hills NSW
    Now confused. The site says that you can invest a minimum of AU$1,000 and in multiples of AU$1,000 ( 5: How much can I invest? ):

    RBA: Buying Bonds from the Reserve Bank

    But the T&Cs say the minimum is AU$100,000 and then in multiples of AU$1,000 ( under size of bids ):

    http://www.rba.gov.au/FinancialServices/CGSTenderInfo/terms_and_conditions_ib.pdf

    Anyone done this yet and can tell what's the real minimum ?
     
  4. jms

    jms Member

    Joined:
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    Location:
    Seven Hills NSW

    Confirmed from the RBA that it's AU$1,000 minimum. Not that I would buy it now ... I was just reading Graham's book where he mentions that your portfolio should include bonds as an "insurance" policy against inflation.